San Antonio-born comfort food staple Luby’s Inc. has agreed to sell its remaining cafeterias and its iconic brand for $28.7 million, industry publication QSR Magazine reports.The deal encompasses all 32 Texas restaurant locations and the Luby’s Cafeteria brand. Not included are real estate owned by Luby’s, its culinary contract service business or corporate stores in the Fuddruckers burger chain — all 92 of which were sold last week to a franchisee.
Support Local Journalism.
Join the San Antonio Current Press Club
Local journalism is information. Information is power. And we believe everyone deserves access to accurate independent coverage of their community and state. Our readers helped us continue this coverage in 2020, and we are so grateful for the support.
Help us keep this coverage going in 2021. Whether it's a one-time acknowledgement of this article or an ongoing membership pledge, your support goes to local-based reporting from our small but mighty team.
Join the San Antonio Press Club for as little as $5 a month.